NASDAQ:MRVLMarvell Technology Group Stock Price, Forecast & News

Marvell Technology Group's stock was trading at $22.01 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MRVL stock has increased by 74.1% and is now trading at $38.31. View which stocks have been most impacted by Coronavirus.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 1 sell rating, 3 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Marvell Technology Group.

Marvell Technology Group is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020. View our earnings forecast for Marvell Technology Group.

Marvell Technology Group Ltd. (NASDAQ:MRVL) issued its quarterly earnings data on Thursday, May, 28th. The semiconductor company reported $0.18 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.14 by $0.04. The semiconductor company had revenue of $694 million for the quarter, compared to the consensus estimate of $680.19 million. Marvell Technology Group had a return on equity of 2.82% and a net margin of 55.66%. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. View Marvell Technology Group's earnings history.

Marvell Technology Group declared a quarterly dividend on Thursday, June 25th. Stockholders of record on Monday, July 13th will be given a dividend of $0.06 per share on Wednesday, July 29th. This represents a $0.24 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Friday, July 10th. View Marvell Technology Group's dividend history.

Marvell Technology Group announced that its Board of Directors has authorized a share buyback plan on Tuesday, October 16th 2018, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 7.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Marvell Technology Group issued an update on its second quarter earnings guidance on Thursday, May, 28th. The company provided earnings per share guidance of $0.17-$0.23 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.17. The company issued revenue guidance of $684-$756 million, compared to the consensus revenue estimate of $687.06 million.

24 brokerages have issued 1 year price objectives for Marvell Technology Group's stock. Their forecasts range from $18.00 to $42.00. On average, they anticipate Marvell Technology Group's share price to reach $32.41 in the next year. This suggests that the stock has a possible downside of 15.4%. View analysts' price targets for Marvell Technology Group.

Media headlines about MRVL stock have trended very negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Marvell Technology Group earned a coverage optimism score of -3.2 on InfoTrie's scale. They also gave headlines about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news about Marvell Technology Group.

Marvell Technology Group saw a decline in short interest during the month of June. As of June 30th, there was short interest totaling 16,600,000 shares, a decline of 34.5% from the June 15th total of 25,360,000 shares. Based on an average trading volume of 9,860,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 2.5% of the shares of the company are short sold. View Marvell Technology Group's Current Options Chain.

Some companies that are related to Marvell Technology Group include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), Inphi (IPHI), First Solar (FSLR) and Silicon Laboratories (SLAB). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Walt Disney (DIS), QUALCOMM (QCOM), Cisco Systems (CSCO), Intel (INTC), AbbVie (ABBV) and salesforce.com (CRM).

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.29%), Robecosam AG (0.23%), Envestnet Asset Management Inc. (0.04%), State of Alaska Department of Revenue (0.03%), First American Trust FSB (0.02%) and DNB Asset Management AS (0.01%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Richard Hill, Syed Ali and Willem A Meintjes. View institutional ownership trends for Marvell Technology Group.

MRVL stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, State of Alaska Department of Revenue, Eidelman Virant Capital, and IBM Retirement Fund. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Richard Hill, and Willem A Meintjes. View insider buying and selling activity for Marvell Technology Group.

MRVL stock was acquired by a variety of institutional investors in the last quarter, including Robecosam AG, Envestnet Asset Management Inc., DNB Asset Management AS, First American Trust FSB, Livforsakringsbolaget Skandia Omsesidigt, and Ellevest Inc.. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu, and Michael G Strachan. View insider buying and selling activity for Marvell Technology Group.

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MRVL stock can currently be purchased for approximately $38.31.

Marvell Technology Group has a market capitalization of $25.49 billion and generates $2.70 billion in revenue each year. The semiconductor company earns $1.58 billion in net income (profit) each year or $0.32 on an earnings per share basis. Marvell Technology Group employs 5,633 workers across the globe.

The official website for Marvell Technology Group is www.marvell.com.

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]